Trend Following
Trend Following reveals the truth about a trading strategy that makes money in up, down and surprise markets. By applying straightforward and repeatable rules, anyone can learn to make money in the markets—whether bull, bear, or black swan—by following the trend to the end when it bends. In this bestselling classic, Michael Covel dives headfirst into trend following strategy to examine the risks, benefits, people, and systems. You'll hear from traders who have made millions and learn from their successes and mistakes. You'll learn the trend philosophy and how it has performed in booms, bubbles, panics, and crashes.
"Michael Covel's Trend Following: Essential."
― Ed Seykota, profiled in Market Wizards
"Covel's Trend Following is the must-read for all investors. Why? Because every investor needs a trend to make money, and when the trend shifts investors need to follow it. Read it."
― Wesley R. Gray, PhD, CEO, Alpha Architect, and author of Quantitative Momentum
"While enjoying this book, be sure to look up another resource from Covel–his remarkable podcast. Michael has a gift for interviewing, and it is fun and educational to follow him into the offices of many serious traders."
― Dr. Alexander Elder, Author, The New Trading for a Living
"Covel's Trend Following has become an investment classic and a must read for anyone who wants to better understand how to profit from the financial markets using systematic and unbiased approaches."
― Cullen Roche, Founder, Orcam Financial Group, LLC
"Trend following: If it is going up, buy it. If it is going down, sell it. How could something seemingly so simple be so controversial? The answer lies in the definitions: What does going up mean? Going down? What's a trend? What's a turn? These questions have a wide variety of answers, largely dependent on the goals and risk/reward preferences of the answerer. In Trend following Mr. Covel covers the waterfront. You'll find many definitions of Trend following here, each with its advocates. You will be able to compare and contrast approaches and perhaps find one that suits you. At the very least, after reading this book you'll have the territory mapped and understand what Trend following has to offer."
― John Bollinger, Founder, www.BollingerBands.com
"While financial television obsessively tracks every tick in the stock market, Michael Covel's Trend Following continues to draw attention to a strategy, diversified Trend Following, that generates unique returns for disciplined investors with a long-run time horizon."
― Tadas Viskanta, Founder and Editor, Abnormal Returns; Author, Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere